FMI’s recently released “U.S. Construction Outlook: Second Quarter 2019 Report” forecasts total engineering and construction spending for the U.S. to end the year up 1 percent in 2019, compared to a gain of 4 percent in 2018.

The California Department of Transportation recently announced the award of a $275 million contract for the SAC 5 Corridor Enhancement Project to the joint venture of AGC member contractors Granite Construction and Teichert, Inc.

The Klamath River Renewal Corporation (KRRC) recently awarded a design-build contract to AGC member company Kiewit Infrastructure West Co. for a project to remove four hydroelectric dams on the Klamath River in California and Oregon.

The limited supply of skilled craftworkers was overwhelmingly rated to be the biggest current risk that is facing the construction industry, while an economic slowdown is the biggest future risk cited by participants in the recently released “2019 AGC/FMI Risk Management Survey.”

The engineering and construction market sector saw a record level of merger and acquisition (M&A) activity in 2018, including a 25 percent increase over the year prior, according to a report just released by FMI Corporation.